Federal Judge Denies SVB's Former Parent $1.7B FDIC Claim Over Executive Failures
A federal judge has ruled that SVB's former parent company cannot recover $1.7B from the FDIC, citing executive decisions that directly caused the bank's collapse.…
Long-form coverage of cards, IBANs, payment rails, regulation and the technology that moves money — in seven languages, written by working operators.
A federal judge has ruled that SVB's former parent company cannot recover $1.7B from the FDIC, citing executive decisions that directly caused the bank's collapse.…
FSB Chair and Bank of England Governor Andrew Bailey urges global regulators to prioritize safe AI deployment, warning autonomous systems could destabilize international finance.…
EFG International CEO Giorgio Pradelli warns Switzerland's post-Credit Suisse regulatory overhaul may overcorrect, threatening Swiss banks' global competitiveness.…
The European Commission has designated ChatGPT, Reddit, and Roblox as Very Large Online Platforms under the Digital Services Act, triggering the EU's strictest content and transparency obligations.…
A Federal Reserve Bank of Kansas City analysis finds FDIC proposed assessment changes could return up to $500 million to community banks paying $1.6B annually.…
Japan's FSA has formally requested an exemption from mandatory tax filings for trust-type stablecoins from fiscal year 2027, aiming to boost their use as payment instruments.…
The Crypto.com-linked Cronos network halted block production on Aug 30 after its main lending protocol Tectonic was drained of roughly $75 million via a price-and-borrow exploit.…
The Cronos layer-1 blockchain halted block production on August 30, 2026, after an exploit on Tectonic, its leading lending protocol, left most funds stranded on-chain.…
Ireland launches a major tax-advantaged state savings scheme targeting $203 billion in deposits, explicitly barring cryptocurrency while welcoming shares, bonds, ETFs, and funds.…
The OCC has rejected charter bids from neobank bunq and payments giant Wise, exposing the gap between regulatory openness and actual readiness.…
Singapore's central bank commits S$220 million over three years through FSTI 4.0 to cement the city-state's position as a global fintech hub.…
Crypto.com's Cronos chain ground to a halt after exploiters drained $75M from lending protocol Tectonic, with $6M already bridged to Ethereum before validators intervened.…